Hodeco: Builder and Developer of Modern Urban Zones

In recent years, Ba Ria – Vung Tau province has not only made long strides in foreign direct investment attraction, GDP growth and other criteria but also given a facelift to the urban look. Ba Ria – Vung Tau House Development Joint Stock Company (Hodeco) is a significant element to the achievement of Ba Ria – Vung Tau province.

Hodeco was formerly a state-owned enterprise set up in 1990, was transformed into a joint stock company in 2001 and listed its shares, ticker HDC, on the Ho Chi Minh Stock Exchange (HOSE). With its rich experience in developing housing, residential and urban zones, Hodeco is always selected to carry out key projects of Ba Ria – Vung Tau province.

At present, Hodeco is approaching the real estate market in Ho Chi Minh City by joining hands with other partners. The company is carrying out many large projects such as a housing complex with 56 villas and 70 semidetached houses in Sao Mai – Ben Dinh project in Vung Tau city, a 21-storey apartment, office and commercial complex in Vung Tau city, the Hill 2 housing project with 180 villas and 205 semidetached houses in Vung Tau city, the Phu My New Urban Zone with 104 villas, 416 semidetached houses and 15 apartment blocks, a high-rise apartment building in Nam Ky Khoi Nghia, the Hodeco Sea Village housing project with six 33-storey apartment blocks, a hotel and 30 villas. The company is also investing in many other projects.

In 2008, despite numerous difficulties arising from galloping inflation, soaring interest rate and global economic crisis, the Board of Directors of Hodeco quickly adopted revised strategies and sought out suitable measures to deal with economic woes. Together with the efforts of all staffs, the company managed to complete the business plans in 2008.

In the coming time, Hodeco will strive to complete investment activities in the shortest time and at the highest efficiency and restructuring its units to enhance their operating efficiency; authorise production managers to lead bidding activities to increase the workload for unit companies; enhance training and recruitment activities to undertake new tasks in the coming time; complete and operate the real estate trading floor; maintain the application of the ISO 9001: 2000 quality management system and apply the ISO 9001:2008 system to improve the workplace safety.

Hodeco wishes to join hands with foreign investors to carry out the company’s ongoing projects or new projects in the future. Especially, the company is seeking investors to jointly implement new material production projects.

Posted by VBN on Nov 25 2009. Filed under Enterprises. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry